Physical Security Market Overview
Physical Security market size was worth USD 109.5 Billion in 2022, witnessing a CAGR of 6.6% during the forecast period (2022-2030), and the market is expected to hit a valuation of around USD 182.6 Billion by 2030.
Physical security refers to the measures that are put in place to protect people and assets from physical harm or damage. This can include things like locks, alarms, surveillance cameras, and security guards. It also includes measures to prevent unauthorized access to buildings or other sensitive areas, as well as measures to protect against natural disasters or other emergencies.
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|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||182.6 Billion|
|CAGR (2022-2030)||6.6 %|
|By Component||System, Services|
|By Systems Type||Physical Access System, Video Surveillance System, Perimeter Intrusion and Detection, Physical Security Information Management, Others|
|By Service Type||Access Control as a Service, Video Surveillance as a Service, Remote Monitoring Services, Security Systems Integration Services, Others|
|By Enterprise Size||Large Enterprises, SMEs|
|By Industry Vertical||Retail, Transportation, Residential, IT and Telecom, BFSI, Government|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]|
|Key Players||Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Genetec Inc., Cisco Systems Inc., Axis Communications AB, Pelco, Robert Bosch Gmbh, Johnson Control International Plc, ADT LLC|
We have conducted a 360-degree analysis of the Physical Security market. Approaches for both primary and secondary research. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth until 2030.
Physical Security Market Segmentation Analysis:-
By Systems Type:
• Physical Access System
• Video Surveillance System
• Perimeter Intrusion and Detection
• Physical Security Information Management
By Service Type:
• Access Control as a Service
• Video Surveillance as a Service
• Remote Monitoring Services
• Security Systems Integration Services
By Enterprise Size
• Large Enterprises
By Industry Vertical
• IT and Telecom
Global Physical Security Market Competitive Landscape:
The market research report on the Physical Security market comprises the compilation of quantitative and qualitative evaluations of the industry position. Additionally, the in-detailed analysis of the market trends adopted by the industry players and the macroeconomic indicators influencing the value chain of businesses provide a complete outlook of market circumstances. Thus, mentioned are the major industry players that make up the consolidated market concentration–
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Honeywell International, Inc.
• Genetec Inc.
• Cisco Systems Inc.
• Axis Communications AB
• Robert Bosch Gmbh
• Johnson Control International Plc
• ADT LLC
With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and an all-encompassing picture of the market conditions in the projected period, the Physical Security Market Research Report keeps a close eye on the leading competitors. It is an expertly written, in-depth study that emphasises key and secondary drivers, market share, top categories, and regional analysis. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practises.
Overview of the market for Physical Security by region:
The market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on region (MEA). The North American continent is further divided into nations like the United States and Canada. Europe is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific make up the subregion of Asia Pacific. The MEA region is further separated into GCC, Turkey, South Africa, and Rest of MEA. The Latin America region is further divided into Brazil, Mexico, and Rest of Latin America.